Yanbu pipeline attack ripples across crude, freight and gas markets

AI Summary

An attack on the Yanbu pipeline in Saudi Arabia has disrupted crude export routes, affecting crude flows and leading to higher tanker freight rates. This incident also contributed to tightening diesel supplies in Europe and added pressure to gas and coal prices.

A single attack on a Saudi pipeline in early September has done more than knock out one export route. Three weeks on, it is reshaping crude flows, lifting tanker freight rates, tightening diesel supply into Europe and adding pressure to already-elevated gas and coal prices. The disruption is a useful case study in how quickly ...